Five Investment Options That Guarantee Safe Returns

Many individuals use the onset of a calendar year to plan their investments. People often make financial resolutions on the eve of New Year to make their coming year better. For people looking to make money in 2019, there are several investment avenues available in the market. Aggressive investors can invest in equities, suggest financial experts. However, people who are looking to make safe returns can invest in fixed income instruments- such as fixed deposits (FDs), recurring deposit, public provident fund (PPF), national savings certificates (NSC) and Monthly Income Scheme (MIS).

2. Recurring deposits (RDs): Recurring Deposit (RD) is a kind of term deposit under which one needs to deposit a fixed amount at fixed interval. Customers can deposit the sum every month and earn an interest income on the same.

3. Public Provident Fund (PPF): PPF offers an investment avenue with decent returns coupled with income tax benefits. PPF comes under the exempt, exempt, exempt (EEE) category of tax status. This means that returns, maturity amount and interest income are exempt from income tax. Deposits qualify for deduction from income under Section 80C of Income Tax Act.

4. National Savings Certificates (NSCs): NSC certificates can be purchased from post offices. Deposits in the National Savings Certificates also qualify for deduction under Section 80C of the Income Tax Act. NSCs have a lock-in period of five years.